Venu Shares Rise After Termination of Public Offering

Dow Jones
Jan 30
 

By Chris Wack

 

Venu Holding shares were 14% higher, at $5.88, after the company said it has terminated its proposed public offering of $75 million of shares.

The entertainment company had said on Tuesday it planned to use the proceeds from the offering to fund a portion of the development costs of its amphitheater projects, real estate purchases and general corporate purposes.

As a result of the termination, no shares of the company are being sold pursuant to the offering.

The company said it is terminating the sale because market conditions aren't conducive for an offering on terms that would be in the best interests of its shareholders.

Also on Tuesday, Venu said it believes it will become operationally profitable by end of 2026.

The stock hit its 52-week low of $5.03 a share Wednesday, and is currently down 39% in the past 12 months.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

January 29, 2026 12:47 ET (17:47 GMT)

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